In re Dana Corp.
Apr
19
2007
Ruling
Reclamation claims against goods disposed of to pay prior lienholders were valueless.
Procedural posture
The court entered a reclamation order, establishing procedures for resolving reclamation claims. The debtors filed a notice and proposed reconciliation of some 132 reclamation claims, asserting a prior lien defense to the claims. The reclamation claimants, parties that had supplied prepetition goods to the debtors in the course of business just prior or during the debtors'insolvency, filed objections to the reclamation notice.
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Court
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